USDC Treasury Transfers 150 Million USDC to Coinbase
A blockchain transfer alert shows 150,000,000 USDC, valued at $149,936,950, moved from USDC Treasury to Coinbase.
USDC
Fact Check
The claim is strongly corroborated by multiple independent search observations. The X search returned a Whale Alert result for https://x.com/whale_alert/status/2044086744732082616 explicitly stating '150,000,000 USDC (149,936,950 USD) transferred from USDC Treasury to Coinbase,' which matches the user’s statement nearly exactly. Additional corroboration appears in 'Whale Alert – Telegram' and 'Whale Alerts - CoinGlass', both echoing the same amount and wording. A second Whale Alert post at https://x.com/whale_alert/status/2044158991312343295 reports another 150,000,000 USDC transfer with a slightly different USD valuation, which is consistent with Whale Alert’s formatting across different alerts and timestamps. However, direct web_fetch attempts for the X posts and Whale Alert transaction pages failed, so none of the URLs could be fully validated from fetched page content in this run. Because the corroboration is consistent but not directly fetch-validated, the statement is best rated likely true with medium confidence.
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Terms & Concepts
- USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar.
- Stablecoin: A cryptocurrency intended to track a stable asset, most commonly a fiat currency such as the U.S. dollar.
- Blockchain transfer: A movement of digital assets between wallets recorded on a blockchain network.